Elevator and Escalator Services Market in GCC Countries by Product and Geography - Forecast and Analysis 2021-2025
| Published: May 2021 | Pages: 120 | SKU: IRTNTR45266 |
The elevator and escalator services market size in GCC countries is expected to grow by USD 765.96 million and record a CAGR of 6.73% during 2021-2025.
This post-pandemic elevator and escalator services market in GCC countries report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this elevator and escalator services market in GCC countries analysis report, key drivers such as increasing demand for smart elevators have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as intense competition from regional vendors, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Elevator and Escalator Services Market Size in GCC Countries be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Elevator and Escalator Services Market in GCC Countries
Who are the Key Vendors in the Elevator and Escalator Services Market in GCC Countries?
The elevator and escalator services market in GCC countries forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:
- Alfa Elevators
- Elco Ltd.
- Fujitec Co. Ltd.
- G.I.TECH Lifts & Escalators LLC
- Hitachi Ltd.
- Hyundai Elevator Co. Ltd.
- KONE Corp.
- Mitsubishi Electric Corp.
- Otis Worldwide Corp.
- Schindler Holding Ltd.
The elevator and escalator services market in GCC countries is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
This elevator and escalator services market in GCC countries report further entails segmentation by product (elevators and escalators) and geography (Saudi Arabia, Qatar, the UAE, Bahrain, and ROW). View our sample report to gather market insights on the segmentations.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.
What is the Market Share by Product for Elevator and Escalator Services Market in GCC Countries?
For more insights on the market share by product Request for a FREE sample now!
The report offers an up-to-date analysis of the market share by product. Saudi Arabia will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. This report provides estimations of the contribution of all regions to the growth of the elevator and escalator services market size in GCC countries.
What are the Key Factors Covered in this Elevator and Escalator Services Market in GCC Countries Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive elevator and escalator services market growth in GCC countries during the next five years
- Precise estimation of the elevator and escalator services market size in GCC countries and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the elevator and escalator services market in GCC countries
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of elevator and escalator services market vendors in GCC countries
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Elevator And Escalator Services Market In GCC Countries Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2021-2025 |
$ 765.96 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.50 |
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Regional analysis |
Saudi Arabia, Qatar, UAE, Bahrain, and ROW |
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Performing market contribution |
Saudi Arabia at 48% |
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Key consumer countries |
US, Qatar, UAE, Bahrain, Oman, and Kuwait |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Alfa Elevators, Elco Ltd., Fujitec Co. Ltd., G.I.TECH Lifts & Escalators LLC, Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., and Schindler Holding Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
- Impact of COVID-19 on the industrials sector
- Recovery phase
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Elevators - Market size and forecast 2020-2025
- Escalators - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Saudi Arabia - Market size and forecast 2020-2025
- Qatar - Market size and forecast 2020-2025
- UAE - Market size and forecast 2020-2025
- Bahrain - Market size and forecast 2020-2025
- Rest of GCC - Market size and forecast 2020-2025
- Kuwait
- Oman
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Alfa Elevators
- Elco Ltd.
- Fujitec Co. Ltd.
- G.I.TECH Lifts & Escalators LLC
- Hitachi Ltd.
- Hyundai Elevator Co. Ltd.
- KONE Corp.
- Mitsubishi Electric Corp.
- Otis Worldwide Corp.
- Schindler Holding Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
elevator and escalator services market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis